Indices drop for 2nd day; Sensex dips 397 pts; metals, IT gain, banks hit

Reliance Industries, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, L&T, Axis Bank, Infosys, and Asian Paints, down between 0.6 per cent and 3 per cent, dragged the indices lower today

9:28 AM

ALERT :: Nifty nears 14,900

9:27 AM

ALERT :: Sensex extends fall, slides over 400 pts

9:26 AM

NMDC slips on profit-booking

>> The company, on Friday, said its board has approved an interim dividend of Rs 7.76 per share for the current financial year.

9:24 AM

ONGC gains 1%

>> The company has seen its contribution to the national production jump to over 70 per cent from under 53 per cent a decade back, petroleum ministry data showed.

9:22 AM

SBI Cards trades higher on fund raising plan

>> SBI Cards and Payment Services (SBI Card), on Friday, said it has received the board's nod to raise up to Rs 2,000 crore by issuing bonds. The company said it will raise the money in one or more tranches over a period of time.

9:20 AM

Sectoral trends on the NSE :: IT, FMCG stocks hold gains

9:19 AM

Sensex Heatmap :: Banks, financials under pressure as bond yield rise globally

9:18 AM

Opening Bell :: Nifty tests 15,000

9:17 AM

Opening Bell :: Markets start in the red

9:10 AM

Commodity Heatmap

9:09 AM

Top gainers and losers on the S&P BSE Sensex in Pre-open

9:07 AM

Markets at Pre-open

9:07 AM

Markets at Pre-open

9:04 AM

'Stay light; keep an eye on key Nifty levels'

Last week, trading started on a flat note but as the week progressed, we witnessed a gradual up move in the market. The optimism in global peers (especially the US bourses) was the main catalyst behind this strength in our markets. Almost each session during the week started with a decent upside gap and importantly, it managed to hold on to it. The similar sort of strength was visible on Friday as well at the opening as Nifty was very much on the move towards its record highs. However, all of a sudden, traders chose to take some money off the table and hence post the mid-session, we witnessed a sharp decline to not only pare down all gains but also to sneak well inside the negative terrain. READ MORE

9:02 AM

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY BAJAJ AUTO | CMP: Rs 3,746 | Target: Rs 4,200-4,250 | Stop Loss: Rs 3,600

 

The stock has witnessed a decent correction from the peak of 4,300 and has bottomed out near 3,750 levels forming a higher bottom formation in the daily chart. The chart looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy. We suggest to buy and accumulate this stock for an upside target of 4,250-4,350, keeping the stop loss of 3,600. READ MORE